BizJournals reports more cash is coming to Lisa Su as the AMD CEO get an increase in her base salary by $75,000 to $950,000. Furthermore, an equity award target worth $7 million also got approved.
The California semiconductor maker with major operations in Austin disclosed Friday the target value of the award will be converted into performance-based restricted stock units, time-based restricted stock units and options. The compensation and leadership resources committee for AMD (Nasdaq: AMD) approved the changes effective July 1 in tandem with $2 million equity awards to four company executives, according to a filing with the U.S. Securities and Exchange Commission.
While AMD's financials are still poor, the company's stock price has seen significant appreciation this year as investors are speculating on a turnaround.